Carter's (NYSE:CRI) had its price objective lifted by investment analysts at Oppenheimer from $112.00 to $125.00 in a report released on Monday, December 18th. The firm presently has an “outperform” rating on the textile maker’s stock. Oppenheimer’s target price would indicate a potential upside of 5.62% from the stock’s current price. Oppenheimer also issued estimates for Carter's’ Q4 2017 earnings at $2.24 EPS, FY2017 earnings at $5.70 EPS, Q1 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.90 EPS, Q4 2018 earnings at $2.44 EPS and FY2018 earnings at $6.28 EPS.
Other equities analysts have also issued research reports about the stock. Cowen set a $92.00 price target on shares of Carter's and gave the company a “hold” rating in a report on Monday, October 23rd. Macquarie began coverage on shares of Carter's in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. Goldman Sachs Group began coverage on shares of Carter's in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. Zacks Investment Research lowered shares of Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, B. Riley boosted their price target on shares of Carter's from $111.00 to $124.00 and gave the company a “buy” rating in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $111.86.
Carter's (NYSE:CRI) traded up $0.77 during mid-day trading on Monday, reaching $118.35. 824,655 shares of the company traded hands, compared to its average volume of 555,169. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter's has a 1 year low of $77.94 and a 1 year high of $119.26. The company has a market cap of $5,590.00, a PE ratio of 22.80, a PEG ratio of 2.08 and a beta of 0.37.
Carter's (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The firm had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. During the same quarter in the previous year, the company posted $1.61 EPS. Carter's’s revenue was up 5.2% on a year-over-year basis. equities research analysts anticipate that Carter's will post 5.64 earnings per share for the current year.
In other Carter's news, EVP Greg Foglesong sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total transaction of $707,880.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders have sold a total of 130,507 shares of company stock worth $13,569,276 over the last three months. Insiders own 3.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its holdings in Carter's by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock valued at $482,000 after acquiring an additional 14 shares during the period. Sawtooth Solutions LLC raised its holdings in Carter's by 1.2% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock valued at $234,000 after acquiring an additional 31 shares during the period. PNC Financial Services Group Inc. raised its holdings in Carter's by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 35 shares during the period. Advisor Group Inc. raised its holdings in Carter's by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock valued at $315,000 after acquiring an additional 79 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Carter's by 3.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock valued at $241,000 after acquiring an additional 99 shares during the period. 98.67% of the stock is currently owned by institutional investors.
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Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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